EU-Catalyst Partnership: Request for proposals of pioneering green technology projects is launched
Today, Breakthrough Energy Catalyst published a request for proposals for large-scale deep green technology projects based in Europe. The request will trigger investments in a portfolio of high-potential projects in the areas of clean hydrogen, sustainable aviation fuels, direct air capture, and long-duration energy storage. It marks the first milestone of the EU-Catalyst partnership that the European Commission, the European Investment Bank and Breakthrough Energy Catalyst launched in November 2021 at COP26 in Glasgow, and which was presented by Commission President Ursula von der Leyen, Bill Gates, the Founder of Breakthrough Energy and European Investment Bank President Werner Hoyer. The Partnership will mobilise $1 billion (around €820 million) between 2022-2026 to accelerate the deployment and commercialisation of innovative technologies that help deliver the European Green Deal ambitions and achieve Europe’s climate goals by 2030 and climate neutrality by 2050. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth, said: “With the EU-Catalyst partnership we want to make a daring leap towards achieving our climate goals. We need technological revolution on a global scale, large investments, more financial risk taking and more game-changing innovations, as well as policies that support public-private partnerships across the globe.” EU funding for the EU-Catalyst Partnership comes from Horizon Europe and the Innovation Fund, managed under InvestEU. Each euro of public funds is expected to leverage three euros of private funds. More information is available here, as well as in this factsheet and Questions and Answers.